DEMOGRAPHICS & DATA
Sources: ESRI, Dec. 10, 2015; U.S. Census Bureau, ACS Survey; 2014 Bureau of Economic Statistics
Innovation Crescent Median Age
Innovation Crescent Land Area (Sq. Miles)
%
Fortune 500 Company Headquarters
POPULATION
2015 Innovation Crescent Population
2020 Projected Innovation Crescent Population
Georgia Population
%
Georgia Population Living in the Crescent
%
Georgia's Civilian Labor Force (Ages 16+)
Georgia's GDP Per Capita (in Dollars)
2015 HOUSEHOLD INCOME
Innovation Crescent Median Household Income (in Dollars)
Innovation Crescent Average Household Income (in Dollars)
U.S. Median Household Income (in Dollars)
U.S. Average Household Income (in Dollars)
EDUCATIONAL ATTAINMENT
- Innovation Crescent residents who have some college education, no degree 20%
- Innovation Crescent residents who hold Associate’s degrees 8%
- Innovation Crescent residents who hold Bachelor’s degrees 24%
- Innovation Crescent residents who hold graduate or professional degrees 15%
MORE THAN 38% OF THE INNOVATION CRESCENT POPULATION AGES 25+ HOLD A BACHELOR’S DEGREE OR HIGHER.
MORE THAN 60,000 STUDENTS GRADUATE EACH YEAR FROM THE GEORGIA UNIVERSITY SYSTEM.
TAX RATES BY COMPARISON
Sources: Applicable State Departments of Revenue, California State Board of Equalization, New York Department of Finance, Tax Foundation, New Jersey Department of Treasury, www.taxbrackets.org.
Boston
Corporate Tax Rate: 8%
Personal Income Tax Rate: 5.1%
Sales Tax Rate: 6.25%
Charlotte
Corporate Tax Rate: 6.9%
Personal Income Tax Rate: 5.75%
Sales Tax Rate: 7.25%
INNOVATION CRESCENT
Corporate Tax Rate: 6%
Personal Income Tax Rate: 1 – 6% (based on income)
Sales Tax Rate: 6 – 7% (based on income)
Minneapolis
Corporate Tax Rate: 9.8%
Personal Income Tax Rate: 5.35 – 9.85% (based on income)
Sales Tax Rate: 7%
New Jersey
Corporate Tax Rate: 9%
Personal Income Tax Rate: 1.4 – 8.97% (based on income)
Sales Tax Rate: 7%
New York
Corporate Tax Rate: 8.85% (based on net income only. Other variables may affect rate)
Personal Income Tax Rate: 4 – 8.82% (income over $65K. Variable for income below $65K.)
Sales Tax Rate: 4% plus city taxes. Total NYC rate is 8.875%)
Philadelphia
Corporate Tax Rate: 9.99%
Personal Income Tax Rate: 3.07%
Sales Tax Rate: 8%
San Diego
Corporate Tax Rate: 8.84%
Personal Income Tax Rate: 1 – 12.3% (based on income)
Sales Tax Rate: 8%
San Francisco
Corporate Tax Rate: 8.84%
Personal Income Tax Rate: 1 – 12.3% (based on income)
Sales Tax Rate: 8.75%
TRANSPORTATION & TECHNOLOGY INFRASTRUCTURE
BY LAND
Georgia’s six interstates connect to 80 percent of the U.S. population within a two-day truck drive. Georgia’s 5,000 miles of rail is the most extensive rail system in the Southeast featuring the largest intermodal hub.
BY AIR
Atlanta’s Hartsfield-Jackson International Airport is the busiest and most efficient in the world. No other airport offers more scheduled flights than Atlanta’s, with direct flights to 75 international destinations in 50 countries. The airport provides access to 80 percent of the U.S. market within a two-hour flight.
BY SEA
The Georgia Ports Authority (GPA) facilitates global trade through deepwater ports in Savannah and Brunswick, located approximately three hours from the Innovation Crescent. It also conducts inland operations in Bainbridge and Columbus. The Port of Savannah is the fourth largest and fast growing U.S. container port.
BY ELECTRONIC COMMUNICATION
Businesses and individuals in Georgia and the Innovation Crescent enjoy connectivity through 500,000 fiber-optic lines, including the country’s two largest fiber-optic trunk routes intersecting in the Innovation Crescent.
